Wappingers Central School District 2018-2019 School Tax Rates - - PowerPoint PPT Presentation

The mission of the Wappingers Central School District is to empower all of our students with the competencies and confidence to challenge themselves, to pursue their passions and to realize their potential while growing as responsible members of their community.

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WE BELIEVE… …the collaboration needed for meaningful change is built on honesty, trust and respect. …embracing diversity in all its forms enriches the human experience. …health and quality of a community are dependent on the responsible contributions of all its members. …that active and continuous learning is essential for individuals and communities to flourish. …everyone can realize their potential and when they do, both they and the community thrive.

Wappingers Central School District 2018-2019 School Tax Rates

Placing Students First

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Gaining a Better Understanding of School Tax Rates

• Assessmentsare the valuation of real property including exempt properties and

whether such property is subject to valuation by each Town’s assessor.

• Equalization Rates are the percentage of full values set by NYS at which the

taxable real property for a municipality is assessed.

• The Tax Levyis the amount received in property taxes.

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• The “tax cap” applies to the tax levy – not to tax rates by town or a taxpayer’s bill
• The legislation caps the tax levy limit at 2.0% for 2018-2019
• Exclusions for 2018-2019 – Capital Levy only
• WCSD met the requirements for STAR refunds through government efficiency plans
• WCSD participated in the County Executives Shared Services Panel
• School Budget & Tax documents available on website
• 2018-2019 School Tax Rates

We believe embracing diversity in all its forms enriches the human experience.

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2018-2019 Taxpayer Approved Budget $231,312,631

Within the Tax Cap

TAX LEVY BUDGET

2017-2018 Approved Tax Levy $160,936,353 2017-2018 Approved Budget $225,181,606 2018-2019 Proposed Tax Levy $165,627,869 2018-2019 Proposed Budget $231,312,631 Levy to Levy $ $4,691,516 Budget to Budget $ $6,131,025 Levy to Levy % 2.92% Budget to Budget % 2.72%

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69.47% 2017-2018

Tax Levy

24.96%

2018-2019 State Aid

1.62%

Fund Balance

2.92%

2018-2019 Tax Levy Increase 1.03% Other Revenue

2018-2019 Revenue Summary

$231,312,631

We believe that the active and continuous learning is essential for individuals and communities to flourish.

• How are school taxes calculated?

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Assessments

• Each town assessor determines the valuation of real property including

exempt properties and whether such property is subject to valuation

• Clergy and firefighter exemptions remain in existence in 2018-2019
• Tax grievance day is in May for each town
• Final assessments received from each town in Mid- August and broken

down by Homestead & Non-Homestead

We believe everyone can realize their potential and when they do, both they and the community thrive.

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Equalization Rates

• Percentage of full values at which the taxable real property for a

municipality is assessed

• Used to create uniform assessments and rates among municipalities

(ie: market value = selling price)

• Finalized by the Office of Real Property Tax Services in mid-August
• All towns have rate of 100% (fully equalized) with the exception of

Philipstown at 46.95%

• How are school taxes calculated?

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Tax Levy

• Total amount of money to be raised by the school district after all
• ther sources of revenue are identified
• The portion of the budget funded by property taxes
• The tax cap legislation has changed the budget process with the tax

levy at the forefront of the conversations and planning

• How are school taxes calculated?

We believe embracing diversity in all its forms enriches the human experience.

• 2017-2018 & 2018-2019 Tax Levy

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2017-2018 Approved Tax Levy 2018-2019 Approved Tax Levy $160,936,353 $165,627,869 2017-2018 to 2018-2019 $ Increase 2017-2018 to 2018-2019 % Increase $4,691,516 2.92% Levy Amount 2015-2016 $156,396,228 2016-2017 $159,426,539 2017-2018 $160,936,353 2018-2019 $165,627,869

Levy to Levy increase is within the tax cap!

2018-2019Avg Homestead tax rate per $1,000

$ 16.64

No change from 2017-2018 2018-2019 Avg Non- Homestead tax rate per $1,000

$ 22.73

.09% decrease from 2017-2018

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Town 2016-2017 Total Taxable Assessed 2017-2018 Total Taxable Assessed 2018-2019 Total Taxable Assessed

2016-2017 to 2017-2018

% Difference

2017-2018 to 2018-2019

% Difference East Fishkill

$2,674,480,336 $2,694,537,125 $2,754,204,782 .75% 2.21%

Fishkill

$1,133,593,680 $1,154,212,083 $1,196,483,828 1.82% 3.66%

LaGrange

$97,937,912 $98,340,915 $99,429,990 .41% 1.11%

Poughkeepsie

$815,138,066 $818,104,600 $836,040,533 .36% 2.19%

Wappingers

$1,729,441,347 $1,789,185,207 $1,895,748,349 3.45% 5.96%

We believe that the active and continuous learning is essential for individuals and communities to flourish.

• Comparison of the taxable assessed values and tax rates over recent

years reflect a minimal change for homestead taxpayers (Dutchess County & inclusive of clergy and firefighter exemption) and show stability and small growth.

• School Tax Rates 2018-2019

• WCSD is Navigating Our Way …

WCSD’s path

Steps taken….

• Fiscally responsible balanced budgets consistently

prepared and approved by the local community

• Solid property values by the Towns
• Consistent NYS Equalization Rates
• Minimal increases in tax levys

Result in….. Stability in tax rates from year to year & the sustainability and enhancement of student programs and District infra-structure

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• Historical Data on WCSD School Taxes

Past School Tax Rate presentations can be viewed at:

2017-2018 Tax Rates https://www.boarddocs.com/ny/wcsd/Board.nsf/files/AQHNLD54C5DA/$file/BO E%20memo%202017-2018%20Tax%20Rates.pdf 2016-2017 Tax Rates https://www.boarddocs.com/ny/wcsd/Board.nsf/files/AD6FTY40BBAE/$file/2016- 2017%20Taxrate%20Presentation.pdf 2015-2016 Tax Rates http://www.boarddocs.com/ny/wcsd/Board.nsf/files/9ZLGJS440225/$file/20152016 %20taxrate%20presentation.pdf 2014-2015 Tax Rates http://www.boarddocs.com/ny/wcsd/Board.nsf/files/9N8VAU6536B1/$file/tax%20 prsntn.pdf

We believe everyone can realize their potential and when they do, both they and the community thrive.